Universal Insurance (UVE) Financials

$24.80 +0.14 (+0.55%)

As of 10:05 AM Eastern

Annual Income Statements for Universal Insurance

This table shows Universal Insurance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	73	106	99	107	117	47	19	20	-22	67	59
Consolidated Net Income / (Loss)	73	106	99	107	117	47	19	20	-22	67	59
Net Income / (Loss) Continuing Operations	73	106	99	107	117	47	19	20	-22	67	59
Total Pre-Tax Income	128	175	163	170	153	64	24	28	-27	88	85
Total Revenue	369	547	685	809	873	918	1,049	1,121	1,216	1,385	1,514
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	-0.10	-0.64	-6.61	-6.53	-6.48
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.10	0.64	6.61	6.53	6.48
Long-Term Debt Interest Expense	-	-	-	-	-	-	0.10	0.64	6.61	6.53	6.48
Total Non-Interest Income	369	547	685	809	873	918	1,049	1,122	1,223	1,392	1,521
Other Service Charges	34	36	24	28	30	34	42	72	81	80	80
Net Realized & Unrealized Capital Gains on Investments	8.00	6.22	12	16	5.56	41	84	14	13	59	68
Premiums Earned	327	504	632	745	838	843	924	1,035	1,129	1,252	1,373
Total Non-Interest Expense	242	372	522	638	720	854	1,025	1,093	1,243	1,297	1,429
Property & Liability Insurance Claims	123	188	301	350	414	603	759	779	938	993	1,087
Other Operating Expenses	118	184	221	288	305	251	266	314	305	304	342
Income Tax Expense	55	69	63	64	36	17	5.13	8.01	-4.99	22	26
Basic Earnings per Share	$2.17	$3.06	$2.85	$3.07	$3.36	$1.37	$0.60	$0.65	($0.72)	$2.24	$2.07
Weighted Average Basic Shares Outstanding	33.57M	34.80M	34.92M	34.84M	34.86M	33.89M	31.88M	31.22M	30.75M	29.83M	28.50M
Diluted Earnings per Share	$2.08	$2.97	$2.79	$2.99	$3.27	$1.36	$0.60	$0.65	($0.72)	$2.22	$2.01
Weighted Average Diluted Shares Outstanding	35.15M	35.88M	35.65M	35.81M	35.79M	34.23M	31.97M	31.31M	30.75M	30.15M	29.27M
Weighted Average Basic & Diluted Shares Outstanding	33.60M	34.80M	34.90M	34.80M	34.80M	32.69M	31.21M	31.24M	30.43M	28.97M	28.10M
Cash Dividends to Common per Share	$0.55	$0.63	$0.69	$0.69	$0.73	$0.77	$0.77	$0.77	$0.77	$0.77	$0.77

This table shows Universal Insurance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-72	25	24	29	-5.92	20	34	35	-16	6.02	41
Consolidated Net Income / (Loss)	-72	25	24	29	-5.92	20	34	35	-16	6.02	41
Net Income / (Loss) Continuing Operations	-72	25	24	29	-5.92	20	34	35	-16	6.02	41
Total Pre-Tax Income	-93	33	33	38	-7.88	26	47	48	-18	7.35	55
Total Revenue	313	325	311	338	360	376	368	380	386	382	395
Net Interest Income / (Expense)	-1.63	-1.64	-1.64	-1.63	0.00	-3.27	0.00	0.00	-1.62	-3.24	0.00
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	1.63	1.64	1.64	1.63	0.00	3.27	0.00	0.00	1.62	3.24	0.00
Total Non-Interest Income	308	342	312	340	360	380	368	380	388	385	395
Other Service Charges	15	35	19	22	18	21	17	20	20	23	23
Net Realized & Unrealized Capital Gains on Investments	2.22	14	11	14	11	23	17	16	22	14	16
Premiums Earned	291	292	282	303	331	335	334	345	346	348	356
Total Non-Interest Expense	399	307	278	300	368	350	320	332	404	374	339
Property & Liability Insurance Claims	330	223	206	224	288	275	240	244	317	287	251
Other Operating Expenses	69	85	72	77	78	77	79	87	87	89	87
Amortization Expense	-	-	-	-	1.63	-	1.62	1.62	-	-	1.61
Income Tax Expense	-21	7.73	8.62	8.97	-1.96	5.90	14	12	-1.96	1.33	14
Basic Earnings per Share	($2.36)	$0.84	$0.80	$0.94	($0.20)	$0.70	$1.17	$1.24	($0.57)	$0.23	$1.48
Weighted Average Basic Shares Outstanding	30.60M	30.75M	30.38M	30.27M	29.62M	29.83M	28.87M	28.60M	28.36M	28.50M	28.09M
Diluted Earnings per Share	($2.36)	$0.84	$0.79	$0.93	($0.20)	$0.70	$1.14	$1.21	($0.57)	$0.23	$1.44
Weighted Average Diluted Shares Outstanding	30.60M	30.75M	30.63M	30.66M	29.62M	30.15M	29.40M	29.31M	28.36M	29.27M	28.78M
Weighted Average Basic & Diluted Shares Outstanding	30.51M	30.43M	30.44M	30.08M	29.19M	28.97M	28.76M	28.48M	28.29M	28.10M	28.14M
Cash Dividends to Common per Share	$0.16	$0.29	$0.16	$0.16	$0.16	$0.29	$0.16	$0.16	$0.16	$0.29	$0.16

This table details how cash moves in and out of Universal Insurance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-1.88	82	-91	108	-47	16	-4.87	73	138	8.60	-138
Net Cash From Operating Activities	123	219	121	245	230	85	29	234	325	71	137
Net Cash From Continuing Operating Activities	123	219	121	245	230	85	29	234	325	71	137
Net Income / (Loss) Continuing Operations	73	106	99	107	117	47	19	20	-22	67	59
Consolidated Net Income / (Loss)	73	106	99	107	117	47	19	20	-22	67	59
Provision For Loan Losses	0.43	0.61	0.41	0.50	0.00	0.45	-0.08	0.77	1.14	0.15	1.00
Depreciation Expense	1.19	2.03	3.24	4.06	4.82	4.96	5.11	6.91	7.30	7.31	6.12
Amortization Expense	2.96	2.35	3.63	4.00	1.48	1.66	4.63	9.79	8.83	7.27	4.46
Non-Cash Adjustments to Reconcile Net Income	-1.11	11	9.03	2.82	-85	-9.99	-54	4.76	18	-7.28	0.81
Changes in Operating Assets and Liabilities, net	47	97	5.68	127	191	41	55	192	312	-3.31	66
Net Cash From Investing Activities	-77	-83	-174	-86	-212	28	22	-229	-149	-15	-228
Net Cash From Continuing Investing Activities	-77	-83	-174	-86	-212	28	22	-229	-149	-15	-228
Purchase of Property, Leasehold Improvements and Equipment	-9.27	-12	-8.22	-4.62	-6.73	-11	-17	-7.23	-4.90	-4.02	-7.37
Purchase of Investment Securities	-273	-338	-392	-287	-470	-224	-1,191	-506	-277	-185	-391
Sale of Property, Leasehold Improvements and Equipment	0.08	0.09	0.04	0.02	0.04	0.04	0.18	0.16	0.10	0.04	0.11
Sale and/or Maturity of Investments	205	267	226	206	264	263	1,230	283	133	173	170
Net Cash From Financing Activities	-48	-55	-38	-52	-65	-97	-56	68	-37	-47	-47
Net Cash From Continuing Financing Activities	-48	-55	-38	-52	-65	-97	-56	68	-37	-47	-47
Repayment of Debt	-7.47	-8.47	-2.14	-2.17	-1.47	-1.47	-1.47	-4.84	-1.61	-1.47	-1.47
Repurchase of Common Equity	-30	-19	-8.51	-18	-25	-66	-29	-1.61	-12	-22	-22
Payment of Dividends	-19	-22	-24	-24	-26	-26	-25	-24	-24	-23	-22
Other Financing Activities, Net	-11	-6.32	-6.49	-7.22	-13	-3.47	-1.32	-1.06	-0.42	-0.34	-1.42
Cash Interest Paid	1.49	0.96	0.42	0.35	0.35	0.25	0.10	0.13	5.80	5.82	5.77
Cash Income Taxes Paid	45	65	69	69	42	40	1.41	1.41	17	9.71	28

This table details how cash moves in and out of Universal Insurance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-25	304	-8.29	-23	-18	58	-83	-72	-83	101	-48
Net Cash From Operating Activities	-2.27	101	-50	52	69	0.34	83	73	83	-101	187
Net Cash From Continuing Operating Activities	-	325	0.00	-	-	71	0.98	48	-50	140	0.00
Net Income / (Loss) Continuing Operations	-	-22	0.00	-	-	67	0.98	48	-50	61	0.00
Net Cash From Investing Activities	-17	-8.83	-2.63	-13	0.93	-0.79	-74	-110	-23	-21	-42
Net Cash From Continuing Investing Activities	-17	-8.83	-2.63	-13	0.93	-0.79	-74	-110	-23	-21	-42
Purchase of Property, Leasehold Improvements and Equipment	-0.60	-0.51	-0.69	-1.17	-1.01	-1.15	-3.30	-1.52	-1.66	-0.89	-1.23
Purchase of Investment Securities	-56	-30	-36	-62	-39	-49	-111	-145	-96	-39	-77
Sale of Property, Leasehold Improvements and Equipment	0.06	0.03	0.01	0.02	0.01	0.01	0.05	0.04	0.01	0.01	0.01
Sale and/or Maturity of Investments	40	22	34	50	41	49	39	37	75	19	37
Net Cash From Financing Activities	-7.70	-11	-5.67	-11	-17	-13	-9.52	-10	-9.32	-18	-6.48
Net Cash From Continuing Financing Activities	-7.70	-11	-5.67	-11	-17	-13	-9.52	-10	-9.32	-18	-6.48
Repayment of Debt	-0.37	-0.38	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37
Repurchase of Common Equity	-2.42	-1.84	0.00	-6.09	-12	-3.64	-4.51	-5.26	-4.44	-7.72	0.00
Payment of Dividends	-4.91	-8.90	-4.98	-4.91	-4.80	-8.60	-4.64	-4.64	-4.52	-8.53	-4.84
Other Financing Activities, Net	-	-0.21	-0.31	-	-	-0.03	0.00	-	-0.00	-1.42	-1.27

This table presents Universal Insurance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	912	994	173	289	1,858	1,720	1,759	2,056	2,890	2,317	2,842
Cash and Due from Banks	115	197	106	213	166	182	167	251	389	397	259
Restricted Cash	2.64	2.64	2.64	2.64	2.64	2.64	13	2.64	2.64	2.64	2.64
Trading Account Securities	374	458	-	-	884	899	905	1,088	1,100	1,145	1,347
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	17	33	-	-	59	57	69	60	57	53	57
Unearned Premiums Asset	241	166	-	-	621	432	443	492	352	532	968
Deferred Acquisition Cost	26	60	65	73	85	92	111	109	104	110	121
Other Assets	136	77	-	-	40	55	52	55	886	76	87
Total Liabilities & Shareholders' Equity	912	994	534	781	1,858	1,720	1,759	2,056	2,890	2,317	2,842
Total Liabilities	693	700	534	781	1,357	1,226	1,309	1,626	2,602	1,975	2,469
Non-Interest Bearing Deposits	18	25	-	-	26	31	50	54	55	49	46
Long-Term Debt	31	24	-	-	11	9.93	8.46	104	103	102	101
Claims and Claim Expense	134	99	58	248	473	268	322	346	1,039	510	959
Unearned Premiums Liability	396	442	476	532	602	661	783	858	944	991	1,060
Other Long-Term Liabilities	110	110	-	-	242	256	146	265	462	324	301
Commitments & Contingencies	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	200	293	0.00	0.00	502	494	449	430	288	341	373
Total Preferred & Common Equity	200	293	0.00	0.00	502	494	449	430	288	341	373
Preferred Stock	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	200	293	0.00	0.00	502	494	449	430	288	341	373
Common Stock	41	71	-	-	87	97	104	109	113	116	122
Retained Earnings	222	307	-	-	553	574	568	564	517	561	597
Treasury Stock	-62	-81	-	-	-130	-197	-226	-227	-239	-261	-283
Accumulated Other Comprehensive Income / (Loss)	-1.84	-4.01	-	-	-8.01	20	3.34	-16	-104	-74	-63

This table presents Universal Insurance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	2,383	3,127	2,551	2,918	2,559	2,120	2,679	2,651	2,715
Cash and Due from Banks	317	307	330	292	344	396	283	334	398
Restricted Cash	20	2.70	2.64	69	69	2.64	69	69	2.64
Trading Account Securities	1,101	1,079	1,119	1,127	1,109	1,189	1,291	1,368	1,404
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	60	59	56	55	54	55	55	55	57
Unearned Premiums Asset	703	532	189	1,195	791	162	663	641	649
Deferred Acquisition Cost	111	112	98	107	115	107	117	125	116
Other Assets	71	1,035	756	73	77	208	200	58	89
Total Liabilities & Shareholders' Equity	2,383	3,127	2,551	2,918	2,559	2,120	2,679	2,651	2,715
Total Liabilities	2,016	2,866	2,229	2,583	2,257	1,755	2,285	2,250	2,292
Non-Interest Bearing Deposits	86	78	92	91	76	74	73	72	82
Long-Term Debt	103	103	103	102	102	102	102	101	101
Claims and Claim Expense	186	1,154	870	663	551	430	345	460	894
Unearned Premiums Liability	943	992	899	982	1,040	955	1,042	1,109	1,014
Other Long-Term Liabilities	697	540	265	745	488	195	723	508	201
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	367	261	322	335	302	365	393	400	422
Total Preferred & Common Equity	367	261	322	335	302	365	393	400	422
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	367	261	322	335	302	365	393	400	422
Common Stock	111	112	114	115	116	117	119	121	122
Retained Earnings	579	501	537	560	549	590	620	599	634
Treasury Stock	-234	-237	-239	-245	-257	-265	-271	-275	-283
Accumulated Other Comprehensive Income / (Loss)	-88	-116	-90	-96	-107	-77	-76	-46	-51

This table displays calculated financial ratios and metrics derived from Universal Insurance's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.62%	48.00%	25.39%	17.99%	7.94%	5.16%	14.29%	6.89%	8.46%	13.90%	9.31%
EBITDA Growth	26.99%	36.17%	-5.38%	5.18%	-10.85%	-55.94%	-51.57%	32.81%	-124.66%	1,025.41%	-7.52%
EBIT Growth	26.90%	37.16%	-6.94%	4.67%	-10.33%	-58.45%	-61.85%	17.26%	-195.90%	424.25%	-4.23%
NOPAT Growth	23.76%	45.89%	-6.64%	7.57%	9.46%	-60.26%	-58.93%	6.82%	-193.46%	450.36%	-11.81%
Net Income Growth	23.76%	45.89%	-6.64%	7.57%	9.46%	-60.26%	-58.93%	6.82%	-209.07%	400.23%	-11.81%
EPS Growth	33.33%	42.79%	-6.06%	7.17%	9.36%	-58.41%	-55.88%	8.33%	-210.77%	408.33%	-9.46%
Operating Cash Flow Growth	-21.42%	77.77%	-44.64%	101.83%	-6.08%	-63.24%	-65.31%	698.62%	38.46%	-78.13%	93.54%
Free Cash Flow Firm Growth	16.61%	7.04%	1,900.42%	-69.43%	-473.52%	106.28%	17.05%	-184.73%	323.77%	-88.53%	95.54%
Invested Capital Growth	17.23%	27.10%	-213.82%	-36.21%	204.34%	-1.79%	-9.15%	16.53%	-26.76%	13.47%	7.04%
Revenue Q/Q Growth	7.86%	11.78%	2.47%	10.89%	0.85%	-10.65%	-33.40%	147.42%	2.30%	3.82%	0.35%
EBITDA Q/Q Growth	9.11%	9.35%	-9.72%	32.63%	-28.53%	-42.19%	-94.46%	107.98%	89.89%	27.52%	-7.73%
EBIT Q/Q Growth	9.37%	6.68%	-13.38%	26.64%	-31.36%	-47.65%	-96.05%	105.03%	75.22%	9.45%	-17.98%
NOPAT Q/Q Growth	7.97%	8.32%	-13.49%	27.01%	-26.82%	-48.93%	253.13%	-59.87%	78.12%	-7.11%	-19.18%
Net Income Q/Q Growth	7.97%	8.32%	-13.49%	27.01%	-26.80%	-48.95%	233.67%	-59.87%	76.69%	-7.11%	-19.18%
EPS Q/Q Growth	8.90%	8.00%	-13.35%	27.23%	-27.01%	-48.29%	287.50%	-60.61%	76.70%	-5.93%	-18.95%
Operating Cash Flow Q/Q Growth	15.23%	2,176.82%	-44.64%	-39.89%	25.56%	35.92%	-85.44%	80.59%	76.79%	-58.74%	-42.54%
Free Cash Flow Firm Q/Q Growth	-29.38%	1,185.32%	1,775.27%	508.39%	-1,841.82%	2.07%	-21.63%	-268.38%	143.19%	-55.45%	210.63%
Invested Capital Q/Q Growth	13.45%	0.61%	-192.88%	-213.35%	-5.48%	-13.02%	-5.35%	6.33%	7.44%	9.81%	-5.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	35.68%	32.83%	24.77%	22.08%	18.24%	7.64%	3.24%	4.02%	-0.91%	7.43%	6.29%
EBIT Margin	34.56%	32.02%	23.77%	21.08%	17.52%	6.92%	2.31%	2.53%	-2.24%	6.38%	5.59%
Profit (Net Income) Margin	19.77%	19.48%	14.51%	13.22%	13.41%	5.07%	1.82%	1.82%	-1.83%	4.82%	3.89%
Tax Burden Percent	57.20%	60.84%	61.03%	62.72%	76.57%	73.23%	78.85%	71.82%	81.69%	75.64%	69.65%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	42.80%	39.16%	38.97%	37.28%	23.43%	26.77%	21.15%	28.18%	0.00%	24.36%	30.35%
Return on Invested Capital (ROIC)	31.57%	37.58%	0.00%	0.00%	1,096.96%	9.15%	3.97%	4.12%	-4.13%	16.03%	12.84%
ROIC Less NNEP Spread (ROIC-NNEP)	31.57%	37.58%	0.00%	0.00%	1,096.96%	9.15%	3.97%	4.12%	-7.21%	16.03%	12.84%
Return on Net Nonoperating Assets (RNNOA)	5.43%	4.01%	0.00%	0.00%	-1,050.29%	0.20%	0.08%	0.53%	-2.08%	5.22%	3.65%
Return on Equity (ROE)	37.00%	41.59%	67.84%	0.00%	46.67%	9.34%	4.05%	4.64%	-6.20%	21.24%	16.49%
Cash Return on Invested Capital (CROIC)	15.71%	13.72%	0.00%	0.00%	-173.02%	10.96%	13.56%	-11.15%	26.76%	3.40%	6.04%
Operating Return on Assets (OROA)	13.93%	18.37%	27.92%	73.73%	14.24%	3.55%	1.39%	1.49%	-1.10%	3.39%	3.28%
Return on Assets (ROA)	7.97%	11.18%	17.04%	46.25%	10.90%	2.60%	1.10%	1.07%	-0.90%	2.57%	2.28%
Return on Common Equity (ROCE)	35.22%	40.05%	67.84%	0.00%	46.67%	9.34%	4.05%	4.64%	-6.20%	21.24%	16.49%
Return on Equity Simple (ROE_SIMPLE)	36.51%	36.33%	0.00%	0.00%	23.33%	9.42%	4.25%	4.75%	-7.73%	19.58%	15.79%
Net Operating Profit after Tax (NOPAT)	73	106	99	107	117	47	19	20	-19	67	59
NOPAT Margin	19.77%	19.48%	14.51%	13.22%	13.41%	5.07%	1.82%	1.82%	-1.57%	4.82%	3.89%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.08%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	65.44%	67.98%	76.23%	78.92%	82.48%	93.08%	97.69%	97.47%	102.24%	93.62%	94.41%
Earnings before Interest and Taxes (EBIT)	128	175	163	170	153	64	24	28	-27	88	85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	132	179	170	179	159	70	34	45	-11	103	95
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.43	2.01	0.00	0.00	2.04	1.49	0.87	1.08	1.03	1.32	1.60
Price to Tangible Book Value (P/TBV)	2.43	2.01	0.00	0.00	2.04	1.49	0.87	1.08	1.03	1.32	1.60
Price to Revenue (P/Rev)	1.32	1.08	1.07	0.88	1.17	0.80	0.37	0.41	0.24	0.32	0.39
Price to Earnings (P/E)	6.65	5.52	7.36	6.67	8.74	15.84	20.56	22.66	0.00	6.72	10.11
Dividend Yield	4.23%	2.91%	2.63%	2.66%	2.05%	2.88%	5.11%	4.11%	6.57%	3.96%	3.66%
Earnings Yield	15.03%	18.12%	13.58%	15.00%	11.44%	6.31%	4.86%	4.41%	0.00%	14.87%	9.89%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.30	0.00	0.00	1.69	1.12	0.48	0.59	0.02	0.34	0.92
Enterprise Value to Revenue (EV/Rev)	1.13	0.75	0.91	0.61	0.99	0.61	0.21	0.28	0.01	0.11	0.29
Enterprise Value to EBITDA (EV/EBITDA)	3.17	2.30	3.67	2.78	5.44	8.01	6.52	6.94	0.00	1.47	4.57
Enterprise Value to EBIT (EV/EBIT)	3.27	2.36	3.83	2.92	5.66	8.85	9.13	11.02	0.00	1.71	5.14
Enterprise Value to NOPAT (EV/NOPAT)	5.72	3.87	6.27	4.65	7.39	12.08	11.58	15.34	0.00	2.27	7.38
Enterprise Value to Operating Cash Flow (EV/OCF)	3.38	1.88	5.14	2.03	3.76	6.64	7.54	1.34	0.03	2.13	3.17
Enterprise Value to Free Cash Flow (EV/FCFF)	11.49	10.60	0.80	2.09	0.00	10.09	3.39	0.00	0.07	10.67	15.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.08	0.00	0.00	0.02	0.02	0.02	0.24	0.36	0.30	0.27
Long-Term Debt to Equity	0.14	0.08	0.00	0.00	0.02	0.02	0.02	0.24	0.36	0.30	0.27
Financial Leverage	0.17	0.11	-1.15	0.00	-0.96	0.02	0.02	0.13	0.29	0.33	0.28
Leverage Ratio	4.64	3.72	3.98	0.00	4.28	3.59	3.69	4.34	6.89	8.28	7.22
Compound Leverage Factor	4.64	3.72	3.98	0.00	4.28	3.59	3.69	4.34	6.89	8.28	7.22
Debt to Total Capital	12.27%	7.58%	0.00%	0.00%	2.22%	1.97%	1.85%	19.44%	26.31%	23.01%	21.34%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	12.27%	7.58%	0.00%	0.00%	2.22%	1.97%	1.85%	19.44%	26.31%	23.01%	21.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.12%	92.42%	0.00%	0.00%	97.78%	98.03%	98.15%	80.56%	73.69%	76.99%	78.66%
Debt to EBITDA	0.23	0.13	0.00	0.00	0.07	0.14	0.25	2.30	-9.24	0.99	1.06
Net Debt to EBITDA	-0.66	-0.98	0.00	0.00	-0.99	-2.49	-5.05	-3.31	25.94	-2.89	-1.69
Long-Term Debt to EBITDA	0.23	0.13	0.00	0.00	0.07	0.14	0.25	2.30	-9.24	0.99	1.06
Debt to NOPAT	0.42	0.23	0.00	0.00	0.10	0.21	0.44	5.08	-5.39	1.53	1.72
Net Debt to NOPAT	-1.20	-1.65	0.00	0.00	-1.35	-3.76	-8.97	-7.32	15.13	-4.46	-2.73
Long-Term Debt to NOPAT	0.42	0.23	0.00	0.00	0.10	0.21	0.44	5.08	-5.39	1.53	1.72
Noncontrolling Interest Sharing Ratio	4.82%	3.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	36	39	778	238	-888	56	65	-55	124	14	28
Operating Cash Flow to CapEx	1,343.20%	1,860.91%	1,482.79%	5,332.10%	3,436.45%	750.25%	172.29%	3,317.92%	6,757.91%	1,784.54%	1,891.98%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	686.46	-86.60	18.71	2.17	4.28
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	308.93	367.36	49.10	10.87	21.21
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	129.62	356.29	48.38	10.26	20.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.40	0.57	1.17	3.50	0.81	0.51	0.60	0.59	0.49	0.53	0.59
Fixed Asset Turnover	27.82	21.67	0.00	0.00	0.00	15.77	16.69	17.48	20.84	25.12	27.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	250	317	-361	-492	513	504	458	533	391	443	474
Invested Capital Turnover	1.60	1.93	-31.27	-1.90	81.79	1.81	2.18	2.26	2.63	3.32	3.30
Increase / (Decrease) in Invested Capital	37	68	-678	-131	1,005	-9.20	-46	76	-143	53	31
Enterprise Value (EV)	417	412	624	497	865	562	221	313	8.51	151	435
Market Capitalization	486	588	732	713	1,023	737	393	462	297	449	596
Book Value per Share	$5.83	$8.23	$0.00	$0.00	$14.36	$14.87	$14.34	$13.79	$9.44	$11.69	$13.20
Tangible Book Value per Share	$5.83	$8.23	$0.00	$0.00	$14.36	$14.87	$14.34	$13.79	$9.44	$11.69	$13.20
Total Capital	250	317	0.00	0.00	513	504	458	533	391	443	474
Total Debt	31	24	0.00	0.00	11	9.93	8.46	104	103	102	101
Total Long-Term Debt	31	24	0.00	0.00	11	9.93	8.46	104	103	102	101
Net Debt	-87	-176	-108	-216	-158	-175	-171	-149	-289	-298	-161
Capital Expenditures (CapEx)	9.18	12	8.19	4.60	6.70	11	17	7.06	4.80	3.98	7.26
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.18	0.00	0.00
Net Nonoperating Obligations (NNO)	31	24	-361	-492	11	9.93	8.46	104	103	102	101
Total Depreciation and Amortization (D&A)	4.15	4.39	6.87	8.06	6.30	6.62	9.74	17	16	15	11
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.17	$3.06	$2.85	$3.07	$3.36	$1.37	$0.60	$0.65	($0.72)	$2.24	$2.07
Adjusted Weighted Average Basic Shares Outstanding	33.57M	34.80M	34.92M	34.84M	34.86M	33.89M	31.88M	31.22M	30.75M	29.83M	28.50M
Adjusted Diluted Earnings per Share	$2.08	$2.97	$2.79	$2.99	$3.27	$1.36	$0.60	$0.65	($0.72)	$2.22	$2.01
Adjusted Weighted Average Diluted Shares Outstanding	35.15M	35.88M	35.65M	35.81M	35.79M	34.23M	31.97M	31.31M	30.75M	30.15M	29.27M
Adjusted Basic & Diluted Earnings per Share	$2.17	$0.00	$0.00	$0.00	$0.00	$1.37	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.31M	35.11M	35.17M	34.86M	34.90M	32.69M	31.21M	31.24M	30.43M	28.97M	28.10M
Normalized Net Operating Profit after Tax (NOPAT)	73	106	99	107	117	47	19	20	-19	67	59
Normalized NOPAT Margin	19.77%	19.48%	14.51%	13.22%	13.41%	5.07%	1.82%	1.82%	-1.57%	4.82%	3.89%
Pre Tax Income Margin	34.56%	32.02%	23.77%	21.08%	17.52%	6.92%	2.31%	2.53%	-2.24%	6.38%	5.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	255.06	44.53	-4.12	13.53	13.07
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	201.11	31.99	-2.89	10.23	9.10
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	75.76	33.46	-4.85	12.92	11.94
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	21.80	20.91	-3.61	9.62	7.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.38%	20.94%	24.35%	22.45%	21.80%	56.15%	128.54%	118.59%	-106.86%	34.85%	37.89%
Augmented Payout Ratio	67.12%	38.45%	32.91%	39.42%	43.39%	198.44%	279.92%	126.48%	-159.17%	67.81%	75.07%

This table displays calculated financial ratios and metrics derived from Universal Insurance's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.18%	9.19%	8.69%	15.73%	15.10%	15.67%	17.91%	12.51%	7.19%	1.39%	7.31%
EBITDA Growth	-426.24%	128.34%	45.93%	104.56%	92.77%	41.77%	44.81%	31.94%	-190.15%	-71.64%	16.21%
EBIT Growth	-426.24%	128.34%	45.93%	104.56%	90.88%	41.77%	44.81%	27.61%	-130.07%	-71.64%	16.79%
NOPAT Growth	-423.37%	155.65%	37.84%	287.60%	91.55%	-20.36%	39.23%	23.98%	-130.07%	-69.91%	23.12%
Net Income Growth	-458.10%	152.18%	37.84%	287.60%	91.82%	-20.36%	39.23%	23.98%	-173.25%	-69.91%	23.12%
EPS Growth	-468.75%	154.90%	41.07%	287.50%	91.53%	-16.67%	44.30%	30.11%	-185.00%	-67.14%	26.32%
Operating Cash Flow Growth	-113.45%	355.94%	-85.58%	-79.54%	3,153.86%	-99.66%	264.98%	41.62%	19.35%	-29,905.59%	125.25%
Free Cash Flow Firm Growth	3,298.28%	238.95%	612.04%	133.47%	-162.68%	-119.45%	-108.48%	-136.57%	-142.65%	22.88%	-83.95%
Invested Capital Growth	-27.52%	-26.76%	-15.08%	-6.95%	11.03%	13.47%	9.92%	13.23%	24.27%	7.04%	12.21%
Revenue Q/Q Growth	7.12%	4.01%	-4.50%	8.77%	6.54%	4.53%	-2.66%	3.79%	1.50%	-1.13%	3.48%
EBITDA Q/Q Growth	-570.46%	121.16%	79.52%	14.48%	-116.64%	514.60%	147.91%	4.30%	-136.59%	140.53%	676.96%
EBIT Q/Q Growth	-570.46%	121.16%	79.52%	14.48%	-120.98%	428.75%	147.91%	0.89%	-137.83%	140.53%	655.02%
NOPAT Q/Q Growth	-985.56%	138.47%	-3.74%	18.17%	-119.30%	462.70%	68.29%	5.23%	-135.82%	147.44%	588.58%
Net Income Q/Q Growth	-1,080.66%	134.74%	-3.74%	18.17%	-120.71%	438.11%	68.29%	5.23%	-145.64%	137.23%	588.58%
EPS Q/Q Growth	-1,083.33%	135.59%	-5.95%	17.72%	-121.51%	450.00%	62.86%	6.14%	-147.11%	140.35%	526.09%
Operating Cash Flow Q/Q Growth	-100.90%	4,571.02%	-149.58%	202.79%	34.02%	-99.51%	24,287.06%	-11.77%	12.94%	-222.65%	284.30%
Free Cash Flow Firm Q/Q Growth	177.48%	130.66%	-40.70%	-38.48%	-174.50%	28.43%	74.15%	-165.31%	-394.34%	77.25%	38.34%
Invested Capital Q/Q Growth	-22.59%	7.44%	8.63%	2.99%	-7.63%	9.81%	5.23%	6.08%	1.38%	-5.42%	10.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	-27.60%	5.61%	10.55%	11.11%	-1.73%	6.88%	12.96%	13.03%	-4.70%	1.92%	14.45%
EBIT Margin	-27.60%	5.61%	10.55%	11.11%	-2.19%	6.88%	12.96%	12.60%	-4.70%	1.92%	14.04%
Profit (Net Income) Margin	-23.11%	7.72%	7.78%	8.45%	-1.64%	5.31%	9.19%	9.31%	-4.19%	1.58%	10.49%
Tax Burden Percent	77.52%	76.47%	73.72%	76.10%	75.09%	77.23%	70.88%	73.93%	89.19%	81.93%	74.72%
Interest Burden Percent	107.99%	179.78%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	23.53%	26.28%	23.90%	0.00%	22.77%	29.12%	26.07%	0.00%	18.07%	25.28%
Return on Invested Capital (ROIC)	-57.33%	20.31%	20.89%	23.99%	-5.33%	17.65%	29.72%	29.64%	-10.96%	5.20%	32.67%
ROIC Less NNEP Spread (ROIC-NNEP)	-70.03%	20.31%	20.89%	23.99%	-5.72%	17.65%	29.72%	29.64%	-14.37%	5.20%	32.67%
Return on Net Nonoperating Assets (RNNOA)	-10.23%	5.84%	5.99%	7.03%	-2.09%	5.74%	8.85%	8.31%	-4.17%	1.48%	8.42%
Return on Equity (ROE)	-67.56%	26.16%	26.89%	31.02%	-7.41%	23.39%	38.56%	37.95%	-15.13%	6.68%	41.09%
Cash Return on Invested Capital (CROIC)	11.75%	26.76%	13.74%	8.43%	8.30%	3.40%	7.68%	5.44%	-5.54%	6.04%	1.97%
Operating Return on Assets (OROA)	-12.45%	2.76%	6.09%	5.39%	-1.03%	3.66%	8.00%	6.68%	-2.72%	1.13%	8.95%
Return on Assets (ROA)	-10.42%	3.79%	4.49%	4.10%	-0.77%	2.83%	5.67%	4.94%	-2.43%	0.93%	6.69%
Return on Common Equity (ROCE)	-67.56%	26.16%	26.89%	31.02%	-7.41%	23.39%	38.56%	37.95%	-15.13%	6.68%	41.09%
Return on Equity Simple (ROE_SIMPLE)	-36.64%	0.00%	-4.85%	1.67%	23.86%	0.00%	20.93%	21.15%	18.22%	0.00%	15.79%
Net Operating Profit after Tax (NOPAT)	-65	25	24	29	-5.51	20	34	35	-13	6.02	41
NOPAT Margin	-20.86%	7.72%	7.78%	8.45%	-1.53%	5.31%	9.19%	9.31%	-3.29%	1.58%	10.49%
Net Nonoperating Expense Percent (NNEP)	12.71%	0.00%	0.00%	0.00%	0.39%	0.00%	0.00%	0.00%	3.41%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	127.60%	94.39%	89.45%	88.89%	102.19%	93.12%	87.04%	87.40%	104.70%	98.08%	85.96%
Earnings before Interest and Taxes (EBIT)	-86	18	33	38	-7.88	26	47	48	-18	7.35	55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-86	18	33	38	-6.25	26	47	50	-18	7.35	57
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	1.03	1.62	1.33	1.34	1.32	1.59	1.36	1.58	1.60	1.58
Price to Tangible Book Value (P/TBV)	1.05	1.03	1.62	1.33	1.34	1.32	1.59	1.36	1.58	1.60	1.58
Price to Revenue (P/Rev)	0.23	0.24	0.42	0.35	0.30	0.32	0.40	0.36	0.42	0.39	0.43
Price to Earnings (P/E)	0.00	0.00	0.00	79.92	5.62	6.72	7.59	6.43	8.66	10.11	9.98
Dividend Yield	6.83%	6.57%	3.74%	4.37%	4.76%	3.96%	3.05%	3.28%	2.75%	3.66%	3.25%
Earnings Yield	0.00%	0.00%	0.00%	1.25%	17.79%	14.87%	13.18%	15.54%	11.55%	9.89%	10.02%
Enterprise Value to Invested Capital (EV/IC)	0.19	0.02	0.68	0.43	0.23	0.34	0.60	0.58	0.66	0.92	0.70
Enterprise Value to Revenue (EV/Rev)	0.06	0.01	0.23	0.15	0.07	0.11	0.20	0.19	0.22	0.29	0.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	82.98	1.16	1.47	2.74	2.51	3.20	4.57	3.95
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	82.98	1.16	1.71	2.74	2.51	3.20	5.14	3.95
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	33.65	1.30	2.27	3.70	3.42	4.53	7.38	5.49
Enterprise Value to Operating Cash Flow (EV/OCF)	0.37	0.03	0.96	1.87	0.54	2.13	1.38	1.26	1.38	3.17	1.52
Enterprise Value to Free Cash Flow (EV/FCFF)	1.32	0.07	4.58	4.91	2.94	10.67	8.24	11.23	0.00	15.68	37.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.36	0.32	0.31	0.34	0.30	0.28	0.26	0.25	0.27	0.24
Long-Term Debt to Equity	0.40	0.36	0.32	0.31	0.34	0.30	0.28	0.26	0.25	0.27	0.24
Financial Leverage	0.15	0.29	0.29	0.29	0.37	0.33	0.30	0.28	0.29	0.28	0.26
Leverage Ratio	6.98	6.89	5.99	7.56	10.11	8.28	6.80	7.69	7.42	7.22	6.14
Compound Leverage Factor	7.54	12.39	5.99	7.56	10.11	8.28	6.80	7.69	7.42	7.22	6.14
Debt to Total Capital	28.32%	26.31%	24.17%	23.43%	25.32%	23.01%	21.83%	20.54%	20.22%	21.34%	19.31%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	28.32%	26.31%	24.17%	23.43%	25.32%	23.01%	21.83%	20.54%	20.22%	21.34%	19.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.68%	73.69%	75.83%	76.57%	74.69%	76.99%	78.17%	79.46%	79.78%	78.66%	80.69%
Debt to EBITDA	-0.94	-9.24	-6.06	45.28	1.27	0.99	0.99	0.90	0.98	1.06	1.09
Net Debt to EBITDA	1.88	25.94	13.60	-114.08	-3.85	-2.89	-2.88	-2.21	-2.92	-1.69	-3.24
Long-Term Debt to EBITDA	-0.94	-9.24	-6.06	45.28	1.27	0.99	0.99	0.90	0.98	1.06	1.09
Debt to NOPAT	-1.18	-5.39	-8.66	18.37	1.42	1.53	1.33	1.22	1.39	1.72	1.51
Net Debt to NOPAT	2.38	15.13	19.43	-46.27	-4.32	-4.46	-3.89	-3.01	-4.13	-2.73	-4.49
Long-Term Debt to NOPAT	-1.18	-5.39	-8.66	18.37	1.42	1.53	1.33	1.22	1.39	1.72	1.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	73	168	100	61	-46	-33	-8.44	-22	-111	-25	-16
Operating Cash Flow to CapEx	-426.93%	21,160.33%	-7,379.88%	4,464.74%	6,943.93%	29.77%	2,552.83%	4,959.80%	4,986.36%	-11,515.80%	15,334.07%
Free Cash Flow to Firm to Interest Expense	44.64	102.33	60.83	37.58	0.00	-9.99	-5.20	0.00	-68.36	-7.78	0.00
Operating Cash Flow to Interest Expense	-1.39	61.80	-30.72	31.71	0.00	0.10	51.12	0.00	51.03	-31.33	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1.72	61.51	-31.14	31.00	0.00	-0.25	49.12	0.00	50.01	-31.60	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.49	0.58	0.49	0.47	0.53	0.62	0.53	0.58	0.59	0.64
Fixed Asset Turnover	20.20	20.84	21.42	22.38	23.65	25.12	26.02	26.97	27.62	27.50	27.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	364	391	424	437	404	443	466	495	502	474	523
Invested Capital Turnover	2.75	2.63	2.69	2.84	3.48	3.32	3.23	3.18	3.33	3.30	3.11
Increase / (Decrease) in Invested Capital	-138	-143	-75	-33	40	53	42	58	98	31	57
Enterprise Value (EV)	67	8.51	290	188	94	151	282	285	330	435	366
Market Capitalization	275	297	521	446	404	449	579	535	631	596	666
Book Value per Share	$8.49	$9.44	$10.57	$10.99	$10.02	$11.69	$12.59	$13.67	$14.05	$13.20	$15.03
Tangible Book Value per Share	$8.49	$9.44	$10.57	$10.99	$10.02	$11.69	$12.59	$13.67	$14.05	$13.20	$15.03
Total Capital	364	391	424	437	404	443	466	495	502	474	523
Total Debt	103	103	103	102	102	102	102	102	101	101	101
Total Long-Term Debt	103	103	103	102	102	102	102	102	101	101	101
Net Debt	-207	-289	-230	-258	-311	-298	-297	-250	-301	-161	-300
Capital Expenditures (CapEx)	0.53	0.48	0.68	1.16	1.00	1.14	3.25	1.48	1.66	0.88	1.22
Net Nonoperating Expense (NNE)	7.01	0.00	0.00	0.00	0.40	0.00	0.00	0.00	3.48	0.00	0.00
Net Nonoperating Obligations (NNO)	103	103	103	102	102	102	102	102	101	101	101
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	1.63	0.00	0.00	1.62	0.00	0.00	1.61
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.84	$0.80	$0.94	($0.20)	$0.70	$1.17	$1.24	($0.57)	$0.23	$1.48
Adjusted Weighted Average Basic Shares Outstanding	0.00	30.75M	30.38M	30.27M	29.62M	29.83M	28.87M	28.60M	28.36M	28.50M	28.09M
Adjusted Diluted Earnings per Share	$0.00	$0.84	$0.79	$0.93	($0.20)	$0.70	$1.14	$1.21	($0.57)	$0.23	$1.44
Adjusted Weighted Average Diluted Shares Outstanding	0.00	30.75M	30.63M	30.66M	29.62M	30.15M	29.40M	29.31M	28.36M	29.27M	28.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	30.43M	30.44M	30.08M	29.19M	28.97M	28.76M	28.48M	28.29M	28.10M	28.14M
Normalized Net Operating Profit after Tax (NOPAT)	-65	25	24	29	-5.51	20	34	35	-13	6.02	41
Normalized NOPAT Margin	-20.86%	7.72%	7.78%	8.45%	-1.53%	5.31%	9.19%	9.31%	-3.29%	1.58%	10.49%
Pre Tax Income Margin	-29.81%	10.09%	10.55%	11.11%	-2.19%	6.88%	12.96%	12.60%	-4.70%	1.92%	14.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-52.97	11.14	20.04	23.04	0.00	7.93	29.28	0.00	-11.19	2.27	0.00
NOPAT to Interest Expense	-40.04	15.31	14.78	17.54	0.00	6.12	20.75	0.00	-7.84	1.86	0.00
EBIT Less CapEx to Interest Expense	-53.29	10.85	19.63	22.33	0.00	7.58	27.27	0.00	-12.22	2.00	0.00
NOPAT Less CapEx to Interest Expense	-40.37	15.02	14.36	16.83	0.00	5.77	18.75	0.00	-8.86	1.59	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-25.11%	-106.86%	-151.94%	425.02%	32.78%	34.85%	30.07%	27.27%	30.72%	37.89%	33.77%
Augmented Payout Ratio	-35.37%	-159.17%	-201.65%	610.67%	60.90%	67.81%	64.84%	58.17%	55.18%	75.07%	59.86%

Key Financial Trends

Universal Insurance Holdings (NYSE: UVE) has shown a number of notable financial trends over the last several quarters leading into Q1 2025.

Positive trends include:

Q1 2025 net income was $41.4 million, a significant increase from Q4 2024's $6.0 million and the highest quarterly net income in the last two years.
Total revenue for Q1 2025 rose to $394.9 million, up from $381.6 million in Q4 2024 and showing consistent growth compared to prior quarters.
Premiums earned have steadily increased each quarter, reaching $355.7 million in Q1 2025 compared to $348.4 million in Q4 2024 and $282.2 million in Q1 2024.
Operating efficiency improved slightly in Q1 2025 with total non-interest expense of $339.4 million slightly lower than Q4 2024's $374.2 million and better aligning with revenue growth.
Cash and cash equivalents remained strong at $398.2 million in Q1 2025, an increase from $333.7 million in Q3 2024 and $283.3 million in Q2 2024, providing ample liquidity.
Net cash from operating activities was healthy at $186.8 million in Q1 2025, indicating solid cash flow generation.

Neutral observations include:

Interest income remained zero over the recent quarters, while interest expense is minimal but consistent, reflecting minimal reliance on interest-bearing products or debt impact.
The company maintains a stable level of long-term debt around $101 million to $103 million, with steady scheduled repayments but no significant new borrowings.
Weighted average shares outstanding have been fairly stable around 28 to 30 million shares, indicating no recent dilution or major share repurchases.
Dividends per share have remained steady at around $0.16 per quarter over recent quarters, providing a consistent payout policy.

Negative factors and risks:

The company experienced losses in several quarters over 2023, with a net loss of $16.2 million in Q3 2024 and prior losses in 2022 and early 2023, showing some volatility in profitability.
Property and liability insurance claims have risen notably in recent quarters, hitting $316.9 million in Q3 2024 and $250.6 million in Q1 2025, which may pressure underwriting margins.
Accumulated other comprehensive income (AOCI) remains negative and possibly increasing (e.g., -$51.1 million in Q1 2025), which could reflect unrealized losses in investments or other comprehensive factors.
Q1 2025 saw a significant negative net change in cash and equivalents of about $48 million, driven by investing and financing cash outflows, which may indicate elevated capital expenditures or stockholder returns.
The company’s cash flow from financing activities consistently shows outflows from dividend payments and stock repurchases, which could limit cash reserves if earnings weaken.
There is a trend of fluctuating and sometimes negative net income and operating cash flow in certain quarters, indicating some earnings and cash flow volatility.

Summary: Universal Insurance Holdings is demonstrating a promising earnings recovery in early 2025 alongside increasing revenues and solid cash flow from operations. However, challenges remain with volatile quarterly earnings historically, rising claims expenses, and steady cash outflows for dividends and share repurchase. Investors should watch for sustained profitability and claims management while appreciating the strong cash and equity base that can support future growth or cushion downturns.

09/17/25 10:06 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Universal Insurance's Financials

When does Universal Insurance's fiscal year end?

According to the most recent income statement we have on file, Universal Insurance's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Universal Insurance's net income changed over the last 10 years?

Universal Insurance's net income appears to be on a downward trend, with a most recent value of $58.93 million in 2024, falling from $72.99 million in 2014. The previous period was $66.82 million in 2023.

How has Universal Insurance's revenue changed over the last 10 years?

Over the last 10 years, Universal Insurance's total revenue changed from $369.28 million in 2014 to $1.51 billion in 2024, a change of 310.0%.

How much debt does Universal Insurance have?

Universal Insurance's total liabilities were at $2.47 billion at the end of 2024, a 25.0% increase from 2023, and a 256.3% increase since 2014.

How much cash does Universal Insurance have?

In the past 10 years, Universal Insurance's cash and equivalents has ranged from $105.73 million in 2016 to $397.31 million in 2023, and is currently $259.44 million as of their latest financial filing in 2024.

How has Universal Insurance's book value per share changed over the last 10 years?

Over the last 10 years, Universal Insurance's book value per share changed from 5.83 in 2014 to 13.20 in 2024, a change of 126.1%.

Related Companies

This page (NYSE:UVE) was last updated on 9/17/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Universal Insurance (UVE) Financials

Key Financial Trends

Financials Breakdown Chart

Frequently Asked Questions About Universal Insurance's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Universal Insurance (UVE) Financials

Annual Income Statements for Universal Insurance

Quarterly Income Statements for Universal Insurance

Annual Cash Flow Statements for Universal Insurance

Quarterly Cash Flow Statements for Universal Insurance

Annual Balance Sheets for Universal Insurance

Quarterly Balance Sheets for Universal Insurance

Annual Metrics And Ratios for Universal Insurance

Quarterly Metrics And Ratios for Universal Insurance

Key Financial Trends

Financials Breakdown Chart

Frequently Asked Questions About Universal Insurance's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools